New Home Sales (MoM) For May 12.2% Vs 4.1% Prior
Portfolio Pulse from Happy Mohamed
New home sales in May increased by 12.2% compared to the prior month's 4.1% growth.
June 27, 2023 | 2:01 pm
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POSITIVE IMPACT
The 12.2% increase in new home sales for May compared to 4.1% in April may positively impact the SPY ETF.
The significant increase in new home sales for May indicates a strong housing market, which can positively impact the overall economy and the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50